Is Thousand Trails Membership as Healthy as ELS’s Member Count Suggests?
ELS reports 108,000 Thousand Trails members. Strip the free trials, read what the paying base holds, and compare what ELS disclosed in 2016 to what it discloses now.
Thousand Trails: An ELS Problem That Might Create Opportunities
ELS owns a Thousand Trails business it cannot price, ration, exit, or sell. A lawyer who has read fifty legacy contracts explains why, and what unlocks it.
Why Thousand Trails Discontinued Lifetime Memberships: A Former CEO and Lawyer’s Take
Thousand Trails killed lifetime memberships because of accounting, not greed. A former CEO and lawyer reads ELS’s SEC filings and shows you exactly what changed.